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  • Mar 9, 2022

    Deal reached to fund federal government, help Ukraine

    The Build Back Better Bill is stalled, but it's not the first time that legislation aimed at tackling climate change has been sidelined.
    Anna Moneymaker/Getty Images

    Congressional leaders have struck a deal on legislation that will fund the federal government this year, along with providing billions in aid to Ukraine. Both houses of Congress are expected to vote on it this week. After President Biden announced a ban on Russian oil imports Tuesday, crude prices shot up, and Russia is having problems finding buyers. A law that would bestow independent contractor status on ride-hailing service drivers in Washington state in under consideration.

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  • Mar 9, 2022

    Russia further insulates itself from the West

    People enter a McDonald's restaurant in Moscow on March 9, 2022. - Major brands have continued to pull out of Russia, with McDonald's, Coca-Cola, Starbucks and Heineken among the latest to join the international chorus of outrage. (Photo by AFP) (Photo by -/AFP via Getty Images)

    From the BBC World Service: More Western firms, including McDonald’s, are pulling out of Russia as Moscow brings in new restrictions to try and counteract sanctions previously imposed. Two U.S. executives have been released from Venezuelan custody as the Biden administration looks to improve U.S. relations with the country. Plus, we hear about the potential impact of Russia’s invasion of Ukraine on global food supplies.

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  • Mar 8, 2022

    U.S. set to ban Russian oil imports

    U.S. set to ban Russian oil imports
    aapsky / Getty Images

    The U.S. will ban imports of Russian oil, according to the White House. Jeffery Cleveland discusses this news with us, and what it could mean for market activity going forward. From our BBC colleagues, we learn that the price of nickel, which is used in rechargeable batteries and stainless steel, spiked 250% in the past two days. That forced a shutdown of trading at the London Metal Exchange. We have a tale of entrepreneurship out of Maine, where a new avenue for Muslim fashion has emerged.

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  • Mar 8, 2022

    High oil prices and recession have a history together

    TOPSHOT - Oil-storage tanks are seen from above in Carson, California, April 25, 2020 after the price for crude plunged into negative territory for the first time in history on April 20. - Although oil prices have stabilized somewhat since the unprecedented dive, the world remains in the throes of a glut of crude oil caused by a precipitous fall in demand due to the global coronavirus pandemic coupled with a lack of storage capacity for crude already in transit or still being produced. (Photo by Robyn Beck / AFP) (Photo by ROBYN BECK/AFP via Getty Images)

    Oil prices are at their highest point since 2008, with the national average of gas topping out at more than $4 per gallon. Historically, big spikes in oil prices have been the appetizer for a recession. We start in the 1970s for our look at the historic link between the two. President Biden will reportedly sign an executive order this week to direct federal agencies to figure out how to regulate cryptocurrencies. With Visa and MasterCard about to nullify operations in Russia, what are Russian banks and cardholders in and out of the country to do? 

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  • Mar 8, 2022

    Nickel trading halted on the London Metal Exchange

    The London Metal Exchange last upgraded its trading floor back in 2016. In 2020, it stopped in-person trading due to COVID-19.
    Leon Neal/AFP via Getty Images

    From the BBC World Service: Following a 250% price surge over two days, trade was halted in nickel on the London Metal Exchange. We hear how the European Union plans to wean itself off Russian oil and gas. Plus the World Bank is making a package of emergency loans and grants available to Ukraine.

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  • Mar 7, 2022

    It’s not a good time to be short on cybersecurity personnel

    The pandemic has made the mapping problem even more obvious.
    Issouf Sanogo/AFP via Getty Images

    Good news or bad news first? Cybersecurity watchers around the world have been on high alert as the war in Ukraine continues to escalate, and there’s plenty of concern about Russian cyberattacks as the conflict continues. The good news is that the U.S. added 250,000 cybersecurity jobs between 2020 and 2021. The bad news: There’s about 500,000 more open spots to fill. Julia Coronado helps us look through market activity that signals that the markets are indeed working, despite the war in Ukraine. Many companies are cutting or suspending ties with Russia over the invasion.

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  • Mar 7, 2022

    Oil prices soar, stock markets fall with talk of Russian crude-oil export ban

    Oil prices soared to $139 a barrel, the highest level for almost 14 years.
    TED ALJIBE/AFP via Getty Images

    From the BBC World Service: U.S. Secretary of State Antony Blinken has confirmed America and its allies are considering further sanctions against Russia, including a potential ban on the country’s crude-oil exports. Plus, one of the world’s biggest fertilizer makers warns the conflict could deliver a shock to food supplies. And we hear from a community center in western Ukraine where volunteers are working around the clock to distribute vital supplies.

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  • Mar 7, 2022

    How NFTs have altered the art world

    Blockchain entrepreneur Vignesh Sundaresan purchased the non-fungible token for the digital collage "Everydays — The First 5,000 Days" by artist Beeple for $69.3 million in 2021.
    Roslan Rahman/AFP via Getty Images

    A year ago this week, a JPEG file containing a collage of digital illustrations by the artist known as Beeple sold for $69.3 million at an art auction. It was a record-setting sale, and it’s added fuel to the hype train surrounding NFTs. We spoke to art critic Blake Gopnik about what’s changed for artists and the art world – if anything – since the sale. Western countries are thinking about a Russian oil ban, something they hoped to avoid in the past.

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  • Mar 4, 2022

    Examining the grasp “dark money” has around U.S. politics

    The U.S. Capitol building in Washington. Congress is discussing what to do about the federal debt limit, again.
    Jim Watson/AFP via Getty Images

    Marketplace’s Kimberly Adams talks to us about how dark money operates at the federal, state and local levels, and whether there are any signs the rules around it could change in the future. We hear from Ukraine’s finance minister as the world’s markets react to what’s happening there. Christopher Low adds more market insight.

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  • Mar 4, 2022

    Ukraine finance minister reacts to Russia’s nuclear-plant attack

    Rafael Grossi, Director General of the International Atomic Energy Agency (IAEA), points on a map of the Ukrainian Zaporizhzhia nuclear power plant as he informs the press about the situation of nuclear powerplants in Ukraine during a special press conference at the IAEA headquarters in Vienna, Austria on March 4, 2022. - Grossi offered to travel to Chernobyl in order to negotiate with Ukraine and Russia to try to ensure the security of Ukraine's nuclear sites. (Photo by JOE KLAMAR / AFP) (Photo by JOE KLAMAR/AFP via Getty Images)

    From the BBC World Service: As Russia seizes Ukraine’s largest nuclear power plant, we get reaction from Ukrainian Finance Minister Serhiy Marchenko. Plus, we explore the likely impact of Western sanctions on the Russian economy. And we hear from Berlin, where families are making space for Ukrainian refugees arriving in Germany.

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